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Miami luxury home sales rose 24 percent in May

Miami homes and condos priced at $1 million and above sold 24.1 percent higher in May 2018 compared to the same month last year, according to the Miami Association of Realtors. Luxury condos led the jump in purchase activity,

Florida home sales, prices, inventory rise in May

The latest monthly report from Florida Realtors begins with a trifecta of growth figures for May 2018: Home sales and median prices each rose during the month, along with the number of listings available. That means a little good

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Key takeaways from Harvard’s latest housing report

While the state of housing in the U.S. has generally improved over the last 30 years, the latest report from the Joint Center for Housing Studies (JCHS) of Harvard University highlights some areas of concern as well. Since the

Existing-home sales fall slightly as prices hit all-time high

Existing-home sales fell 0.4 percent in May to a seasonally adjusted annual rate of 5.43 million, according to the latest report from the National Association of Realtors. Sales have fallen year-over-year for three months and are 3 percent lower

HGTV highlights the top luxury homes around the world

It’s HGTV enthusiasts’ favorite time of the year, when they’re able to get a taste of the luxury life by casting their vote for their favorite exotic homes. HGTV and Luxury Portfolio International have teamed up in search of

How climate change is affecting the housing market

There are various factors to consider when buying a home, and a new study suggests climate change is among that list. A Bloomberg News report by ATTOM Data Solutions found that in the last decade, the average home price

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Pulte Homes now come with smart home technology

Pulte Homes is making the leap into smart homes. In a Business Insider press release, PulteGroup announced all newly-built Pulte, Centex, Del Webb, DiVosta and John Wieland Homes will be equipped for smart technology to fit a homeowner’s lifestyle.

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Housing starts in May reach an 11-year high

It’s no secret a lack of inventory is making an impact on the housing market, but new reports show hope for a change. The U.S. Bureau of Labor Statistics and the U.S. Department of Housing and Urban Development released

What are the top 10 issues affecting real estate in 2018?

The Counselors of Real Estate recently released its annual Top Ten Issues Affecting Real Estate list for 2018-2019, which includes both current and long-term opportunities and challenges. Interest rates and the economy, which may result in limited affordable housing, is

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Real Estate In Brief: Freddie Mac to help fight rural unemployment, new millennial mortgage data and more

Freddie Mac, the government-owned real estate finance firm, announced June 15 that it had partnered with an outplacement services provider to help rural homeowners who may be at risk of foreclosure due to a lapse in employment. It’s part

Compass acquires South Florida brokerage ICS Realty

Real estate firm Compass announced June 15 its acquisition of ICS Realty, a boutique brokerage based in Aventura, Florida. The move expands Compass’s presence in the Miami and South Florida markets, where it already has four offices, and helps

How many years does it take to save for a down payment in Miami?

In recent years, surveys from the National Association of Realtors and Zillow have found that saving for a down payment is the most significant hurdle for renters who want to own a home. But how long does it take

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RE/MAX: Days on market sets near record low

The latest U.S. home sales report from RE/MAX shows that buyers are snapping up homes in near record time. Across 54 metro areas included in the survey, listings lasted only 46 days on average before being placed under contract. Only

HomeSpotter adds geotargeted open house promotion with Waze

In an effort to target potential buyers in a particular area, HomeSpotter added a new feature that does exactly that. Through Boost by HomeSpotter, real estate brokers are able to connect with likely buyers on social media. Now, brokers

How Miami ranks in sustainability development

It’s time America steps up its sustainability measures around the country, and a new report shows which cities are leading the way. The Sustainable Development Solutions Network released its second annual report on U.S. city sustainability, which looked at

New survey shows agents are using more mobile technology

Homebuyers want to see more technology use from their agents and a new report shows that Realtors are starting to implement more technology into their work day.  Realtors Property Resource found that 85.28 percent of Realtors used a mobile device,

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